SAP Financial Consolidation ( FI-LC ) is another sub component of FI module providing the consolidated financial data ( This module is almost depreciated Now ). A company will have many business areas and a corporate have many companies under that group. So this module helps to view as a single financial statement by consolidating all their business areas and companies. This module helps the organization to get clear picture about their entire financial position.

FI-LC module is supported only in old versions of SAP implementations . Now EC-CS or SEM-BCS , BPC modules are doing this job.